EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 184.439 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 184.06700 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 184.804 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 184.439 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 185.859 |
| 2nd High | 185.084 |
| Next High | 184.439 |
| Current Price | 184.40400 |
| Next Low | 184.06700 |
| 2nd Low | 183.749 |
| 3rd Low |
184.439 – 185.084 – 185.859 – 184.06700 – 183.749 – 184.849 —
184.18300 – 184.40100 —
45.277069288241 – 48.460448300214 —
184.06700 – 1783036800 —
184.439 – 1783008000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – – – – – – – – –